Category: Tax planning

The Union Budget 2019 is out and there are proposals that caught the attention of Mutual Funds and investors. There are prospects of improved benefits for Mutual Funds, Investors and India Stock Exchange in general. Here are the ways how this Budget 2019-20 can benefit the Investors. KYC Made Easy for Investors 80C Benefits for … Continue reading Union Budget 2019—Is It a Healthy Budget for Mutual Funds?

The Union Budget for the Financial Year 2019-2020 is announced by the Finance Minister of India – Nirmala Seetharaman for the Narendra Modi Government 2.0 on 05th July 2019. In this budget, the government has raised the tax deduction for affordable housing loans from Rs 2 Lakh to Rs 3.5 Lakh. It will be beneficial … Continue reading Home Loan Tax Benefits under Section 80 EEA in Budget 2019– Rs 1.5 Lakh Additional Tax Deduction on Affordable Housing Loans

Union Budget has always been the point of focus for all Indians every year. Our Finance Minister Nirmala Sitharaman has recently delivered her speech on recent Union Budget 2019-2020 in the Parliament, let’s have a quick look on its key points and figure out how it is going to be transformative? Is there anything beneficial … Continue reading Union Budget 2019-2020: Key Highlights and Analysis

Are you an NRI – owning property in India? Are you worried about reporting the Indian property under FATCA? The FATCA (Foreign Accounts Tax Compliance Act) implementation by the US Federal Government has forced some of the Non-Resident Indians to sell off their properties in India due to the fear of being questionable on disclosing … Continue reading Revealed: Should USA based NRIs need to report Indian property under FATCA?

Selling of a property has never been an easy job. Being an NRI can only mean the trouble is twice the amount. Even if you find the right buyer to seal the deal, the complexities involving the TDS is unappealing. If you don’t follow the procedures of TDS with care, you could end up paying … Continue reading NRI Exclusive!! TDS on NRI Sale of Property- Here’s How to Get Your Nil TDS Certificate and More!!!

The income tax filing season doesn’t usually come alone, it brings along a humongous amount of stress with it. Despite the fact that only less than 3% of India is paying the income tax, the number of ways you can lose your hard earned money in the name of income tax is overwhelming. In this … Continue reading Are You A Salaried Employee? Here’s All Your Income Tax Deductions for the FY 2020-21

Do you have Capital Gains from the sale of properties? If so, do you need to pay a tax of 20% or save Capital Gains tax instead? Or do you think paying tax and investing further will earn you better returns? What do you think which will be the better option for your financial life? … Continue reading How can you save your Capital Gain tax? Should you need to invest in Capital Gain bonds?

In income tax parlance, individuals who are permanent residents of India are known as resident individuals. It is the duty of all such citizens to pay taxes on the income that they earn and file income tax return each year. However, it is the non-residents or those who are not ordinarily resident in India, who … Continue reading What every Non Resident Indian needs to know on their Tax Implications in India

Along with the rest of the country, the salaried class waits for the annual budget to be announced each year. They look up to the government to provide them with higher take home pay by way of increase in tax free income and lowering of tax slabs. They also look for some relief through savings … Continue reading All you wanted to know about Tax Exemption on HRA

The income that NRI earn abroad is not taxable in India. Nevertheless,some NRIs also have an earning in their aborigine country, India in the form of interest from deposits, property rent, etc. This income has a basic limit of exemption, which is Rs2 lakhs. If the NRI earnings from such native sources cross the fixed … Continue reading 5 Things NRIs need to know when filing Income Tax Returns in India